European Union to import more LNG from US

US President Donald Trump meets with European Commission President Jean Claude Juncker

President Donald Trump and European Union leaders announced they've agreed to work toward "zero tariffs" and "zero subsidies" on a wide range of non-automobile goods.

Trump concluded the press conference Wednesday by saying, "This was a very big day for free and fair trade". It has also teed up tariffs on an additional $16 billion worth of Chinese goods to dampen China's ambition to dominate important new technologies.

In addition, Trump's threat to impose tariffs on European cars was put aside, and the EU planned to buy more US liquefied natural gas (LNG) and soybeans.

The two sides have agreed to eliminate tariffs on industrial goods with Trump claiming the European Union will begin buying "a lot of" U.S. soya beans, although there was no mention of an agreement on auto tariffs.

Treasury Secretary Steven Mnuchin said Thursday addressing steel and aluminum tariffs and counter tariffs would be covered in the first phase of talks between the US and the EU.

Republicans also have raised concerns about President Trump's trade strategy.

Trump campaigned on a vow to get tough on trading partners he accuses of taking advantage of bad trade deals to run up huge trade surpluses with the U.S.

We met today in Washington, D.C.to launch a new phase in the relationship between the United States and the European Union - a phase of close friendship, of strong trade relations in which both of us will win, of working better together for global security and prosperity, and of fighting jointly against terrorism.

GDP grew at 4.1% last quarter
If growth continues at 3.0 percent the next two quarters, then real GDP growth will indeed make it to 3.1% for all of 2018. And economic growth topped 4 percent for three full years from 1998 through 2000, an annual rate it hasn't touched since.

But exporting LNG is an expensive business and likely will not be a big part of European energy anytime soon, experts said Thursday.

The EU is stepping in to ease some of US farmers' pain.

Still, this is a positive development, because a negotiated mutual opening of markets would benefit the US economy, if indeed Mr. Trump's team can make it happen; because it avoids a worsening of global tensions; and, last but not least, because Mr. Trump did, however reluctantly, resist his worst instincts.

The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Klöckner said on Saturday (28 July), but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects.

The 63-year-old head of the powerful European Union's executive arm last week played down the incident at a Brussels dinner with 29 North Atlantic Treaty Organisation leaders, blaming his unsteady movements on sciatica.

In the eyes of Bystron, Trump is more a businessman than a politician and his administration's trade policy is consistent with America's traditional cowboy style.

"I think everybody sort of changed what they were going to say", said Sen.

Related News:

  • Mars will be big and bright over the next several days

    Mars will be big and bright over the next several days

    The persistent storm has lasted for more than four months, which has caused trouble for the solar-powered Mars Opportunity rover. In 2003, Mars and Earth were at their closest in almost 60,000 years, coming within 34.6 million miles of each other.
    Fortnite: Flush Factory Treasure Map Location (Season 5)

    Fortnite: Flush Factory Treasure Map Location (Season 5)

    Loot Lake (E4): One of the easiest to find, this is on the north east shore, looking out across the lake and by a big tree. You don't technically have to eliminate anyone to complete this challenge, but it'll definitely help if you do.
    3 killed in New Orleans shooting

    3 killed in New Orleans shooting

    The other six were in various conditions, but none of them had injuries that were believed to be "life-threatening". Mayor LaToya Cantrell said in a statement: "There is no place in New Orleans for this kind of violence".
  • Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin

    Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin

    He said the 19 per cent plunge in Facebook shares the next day stemmed from federal securities law violations by the defendants. The stock initially dropped by 9 percent on Wednesday night due to a slow decrease in revenue recently.

    Hamilton wins in Hungary to stretch F1 title lead

    A slow stop cost him two seconds and he emerged third behind Bottas. For more sports coverage, visit the ABS-CBN Sports website . So our option was to stop again and try again.
    ITV hails Love Island 'phenomenon' as revenues climb 8pc

    ITV hails Love Island 'phenomenon' as revenues climb 8pc

    Total non-advertising revenue grew 14% to £958m, and now accounts for more than half (52%) of total revenue. It has also split out direct-to-consumer (D2C) revenues to reflect strategic priorities going forward.
  • Donald Trump’s Walk Of Fame Star Vandalized

    Donald Trump’s Walk Of Fame Star Vandalized

    The man is now facing the charge of felony vandalism , which carries a sentence of three years in jail and a $10,000 fine. Police are investigating after US President Donald Trump's star on the Walk of Fame in Hollywood was attacked.
    Polar bear killed after attack on Arctic cruise ship guard

    Polar bear killed after attack on Arctic cruise ship guard

    Critics lashed out at the tourists for travelling to a region with polar bears and then kill the animals when they become unsafe . On Saturday, the MS Bremen cruise ship landed on the island and polar bear guards went ashore to survey the land.
    Trump again threatens govt 'shutdown' over border wall funds

    Trump again threatens govt 'shutdown' over border wall funds

    Democrats have long opposed financing Trump's wall but lack the votes by themselves to block House approval of that amount. Congress has given the president some wall funding but far from the $25 billion he has requested.
  • Lunar eclipse: Stargazers in Singapore catch century's longest 'blood moon'

    Lunar eclipse: Stargazers in Singapore catch century's longest 'blood moon'

    Kenyans joined the rest of the world last night to observe the historic moment of the longest lunar eclipse of the 21st century . The eclipse and the coppery-red hue were made all the most special by Mars being visible in the sky at the same time.
    First West Nile case in human reported

    First West Nile case in human reported

    Although mosquitoes can bite at any time of the day or night, the mosquitoes that transmit WNV are most active at dawn and dusk. On July 18, the Massachusetts Department of Public Health collected two samples of mosquitos from the southeast corner of town.
    Love Island's Laura and Georgia clash over Jack

    Love Island's Laura and Georgia clash over Jack

    Actually, today you'd probably know him more as the "famous Hollywood guy" that Love Island's Samira had a little "thing" with. I'm done with Georgia . "I'm not the kind of girl to chase something that isn't reciprocated, but I'm not bitter about that".


Most liked

Media reported the USA preparing for a strike on Iran
Asked if the Trump administration has a policy of regime change in Iran, Mattis replied, " There's none that's been instituted ". But we're working with our partners and allies to try and get Iran to change its behavior and stop its action across the region.

Giuliani: 'I want you to hear' Cohen tapes
Giuliani told CBS's " Face the Nation " that Trump's legal team is aware of 183 separate conversations that Cohen recorded. Lanny Davis, an attorney and spokesman for Cohen, declined to comment.

Overnight rain slows growth of Chelan Hills fire in Douglas County
County officials say evacuation orders are unchanged from the night before, when it was mandatory for the Chelan Hills area. Highway 97 was reopened between Orondo and the Beebe Bridge with single lane piloted traffic shortly before midnight.

Mesut Ozil Reveals His Excitement About Being Chosen As Captain On Saturday
They won't have every player on the pitch tomorrow because they are on holiday, but for me it's important for our preparation. Ramsey has one year left on his contract at Arsenal and is still in talks to extend his contract with the club.

Google takes on Yubico with its own security key, Titan
Unlike Google's Titan, Yubikey's security keys don't support Bluetooth but do support USB-A, USB-C, and NFC. Physical security keys in place of passwords have proven effective for Google and other large sites.

EA Executive Expects Battlefield V to Have ‘Long-Term Service Plan’
Grand Operations is the ultimate multiplayer experience, created to seamlessly showcase the maps and modes of Battlefield V. The article has been updated to reflect that Grand Operations will be playable at launch and as part of Tides of War.

Saudi-led coalition renews strikes on Yemen's main port city
The Houthis have also launched missile attacks on Saudi cities, including the capital Riyadh. The war has killed over 14700 Yemenis since it began in March 2015.

Ricciardo 'beaten around' but happy with Hungary P4
Red Bull is splitting with Renault and working with Honda next season. "We've got to come strong in the next half of the season". It believes a Soft-Medium strategy, pitting on lap 27, is "nearly as quick", while an Ultrasoft/Soft approach is also feasible.

Xbox Live Games With Gold August 2018 Titles Revealed
Fortunately, the upcoming Forza Horizon 4 will be the first Forza game to be available on Games Pass on its launch day October 2. Tom Clancy's Splinter Cell Conviction will be available for free until the 31st of July and Death Squared until August 15th.

Mugabe: 'I can't vote for Zanu-PF' in Zimbabwe election
Mugabe's ultimate control was never in doubt. "I met his late leader [Morgan] Tsvangirai, we worked together at that time". In a surprise move, Mr Mugabe has said he hopes his former allies in the military government will lose the election.

Moon eclipse: Blood Moon pictured from space in stunning images
The website www.timeanddate.com also offers the exact locations and timing of the eclipse as it moves from Friday into Saturday. Sunlight passing through Earth's atmosphere lit the moon in a dramatic fashion, turning it red.

Ex-Trump aide Omarosa Newman pens 'Unhinged' White House memoir
Omarosa , 44, promises "jaw-dropping" information about Trump that most have not heard yet. You know how you're not reading Sean Spicer's book?

Dumoulin wins TT as Thomas secures yellow
Geraint Thomas will become the first Welsh rider to win the Tour de France . Thomas won Olympic golds on the track in team pursuit in 2008 and 2012.

Trump threatens shutdown over wall, immigration
Trump tweeted . "Must get rid of Lottery, Catch & Release etc. and finally go to system of Immigration based on MERIT! ". Senators will spend the first week of August at home in their districts but will be in session the rest of the month.

NBA Live 19 includes a female create-a-player mode
When you step on the court, anyone can team up with or square up against each other, regardless of gender. EA just dropped a trailer for the NBA Live 19 female character creator, and it features Candace Parker .